Thanks to TAMS again. "This indicator is based on the Fisher Transform indicator by John Ehlers and is a range oscillator showing where today's prices is within N-days highest and lowest. It has some smoothing, plus what's known in mathematics as a fisher transform." according to Tams.
This IS a pla file for Multicharts. The txt was furnished by TAMS which I then compiled in MC and exported as Pla file.
Here is information furnished in the code description area: "BB Band Width Indicator: created by John Bollinger,
of the Bollinger band and Bollinger Capital Management fame,
as presented by John Forman in the Nov.1994 issue of
"Technical Analysis of Stocks and Commodities".
Idea: BWI is a measure of a tradeable's ability/tendency to trend.
It is faster than an ADX, in that it will move earlier and reset itself earlier too.
When the BWI is low, the volatility is low. ie. there isn't any trend.
When it has a positive slope, there is a trend.
I have added the following enhancements:
1. up/down colors for easy directional identification
2. option to use Exponential Average"
I've got mixed feelings about these since these indicators are really eld files for Tradestation. But since I am providing screenshots that shows them working on MultiCharts I decided to place them in this section.
Big Mike, let me know if this is okay.
Thanks to Blu-Ray at Traders Lab who posed these and these are his comments concerning these indicators:
The attached indicators are:
"BR_CCi : Which is basically a smoothed CCi.
BR_RSI : Which again is a smoothed RSi.
BR_Momentum : Again a smoothed Momentum ( Can't believe people would actually charge for these )
BR_PaintBars : MA based trend bars.
BR_2FastMa's : Self explanatory.
BR_Squeeze : Partly based on the original squeeze ( as we all know it ), but the histogram is defined to show clearer divergences. Also includes CounterTrend and an alternative midline.
BR_HeatMeter : Can you take the heat ! ( well actually it's just a 50 period CCi )"
If you want to see the real thing then go to paintbarfactory.com. If you would like to learn more about these indicators and would like to buy the real thing then go by paintbarfactory.com!
This video emphasizes the crucial importance of observing a larger time frame chart, even when scalping.
It shows an 11 range chart on the ZN 09-09 and even though we are only trading a 4 range chart, this clearly demonstrates why a bigger picture chart is a requirement.
This is a must watch video if you are not making money.
Mike
Instructions:
1) Unrar. Download winrar if needed.
2) Watch. Download a mp4 player ( vlc) if needed.
Renko charts are price charts with rising and falling diagonal lines of boxes that are either filled or hollow. Renko charts are "time independent" charts that do not have constantly spaced time axes.
The word "Renko" comes from "Renga", the Japanese word for "brick". The filled and hollow squares that make up a Renko chart are often referred to as "bricks." Renko charts were popularized by Steve Nison in his book "Beyond Candlesticks".
Renko charts have a pre-determined "Brick Size" that is used to determine when new bricks are added to the chart. If prices move more than the Brick Size above the top (or below the bottom) of the last brick on the chart, a new brick is added in the next chart column. Hollow bricks are added if prices are rising. Black bricks are added if prices are falling. Only one type of brick can be added per time period. Bricks are always with their corners touching and no more than one brick may occupy each chart column.
It's important to note that prices may exceed the top (or bottom) of the current brick. Again, new bricks are only added when prices completely "fill" the brick. For example, for a 5-point chart, if prices rise from 98 to 102, the hollow brick that goes from 95 to 100 is added to the chart BUT the hollow brick that goes from 100 to 105 is NOT DRAWN. The Renko chart will give the impression that prices stopped at 100.
It's also important to remember that Renko charts may not change for several time periods. Prices have to rise or fall "significantly" in order for bricks to be added.
July 9th, 2009 01:02 AM LordAlfa Oops. Not 1 years' worth but thanks.
July 9th, 2009 12:58 AM LordAlfa Great. 1 year's worth of data. Thank you.
July 5th, 2009 07:48 PM Saroj 3rd attempt seems to have worked... no idea why
July 5th, 2009 04:04 PM Saroj sam, when I click to open this .rar file I get an error: "Unexpected end of archive" and the download time is very short
and the only file that shows up in the rar list is "6E 09-09.ntm" (size=7,906,345)... I'd love to get this data if you
July 30th, 2020 03:04 PM Prototyper The BR_Squeeze indicator failed to import. MC says there is nothing in the file, even though windows shows the BR_Squee
ze.ELD file is 63kb after unrar-ing it. Please re-upload corrected version.
January 2nd, 2020 05:02 PM pphrdt very nice, is BR_Trend Bars indicator available?